Sylebra Capital Llc Sells 48,504 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Sylebra Capital Llc sold 48,504 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the completion of the transaction, the director owned 973,667 shares in the company, valued at approximately $146,809,510.26. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Sylebra Capital Llc also recently made the following trade(s):

• On Monday, June 1st, Sylebra Capital Llc sold 7,163 shares of Impinj stock. The shares were sold at an average price of $144.29, for a total transaction of $1,033,549.27.
• On Friday, May 8th, Sylebra Capital Llc sold 25,896 shares of Impinj stock. The shares were sold at an average price of $152.73, for a total transaction of $3,955,096.08.

Impinj Trading Up 0.4%

NASDAQ:PI traded up $0.59 on Tuesday, reaching $143.26. The stock had a trading volume of 563,262 shares, compared to its average volume of 636,518. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -155.72 and a beta of 1.93. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The firm’s fifty day moving average is $124.58 and its two-hundred day moving average is $139.54. Impinj, Inc. has a 12-month low of $87.36 and a 12-month high of $247.06.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $74.25 million for the quarter, compared to analyst estimates of $72.53 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Impinj has set its Q2 2026 guidance at 0.770-0.820 EPS. Equities analysts expect that Impinj, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PI has been the topic of a number of recent research reports. Zacks Research upgraded shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Cantor Fitzgerald dropped their price objective on shares of Impinj from $246.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Evercore set a $144.00 price objective on shares of Impinj in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Impinj from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Impinj presently has a consensus rating of “Hold” and an average price target of $175.00.

Institutional Investors Weigh In On Impinj

A number of institutional investors have recently bought and sold shares of PI. Western Wealth Management LLC acquired a new stake in Impinj during the 1st quarter worth approximately $28,000. Hantz Financial Services Inc. raised its stake in shares of Impinj by 90.4% during the third quarter. Hantz Financial Services Inc. now owns 158 shares of the company’s stock valued at $29,000 after purchasing an additional 75 shares during the period. Bessemer Group Inc. raised its stake in shares of Impinj by 101.2% during the third quarter. Bessemer Group Inc. now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 84 shares during the period. Danske Bank A S purchased a new stake in shares of Impinj during the fourth quarter valued at approximately $35,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 140 shares during the period.

Impinj Company Profile

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).